Rhumbline Advisers Sells 1,734 Shares of Kingsway Financial Services Inc. (NYSE:KFS)

Rhumbline Advisers trimmed its holdings in shares of Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,104 shares of the insurance provider’s stock after selling 1,734 shares during the quarter. Rhumbline Advisers’ holdings in Kingsway Financial Services were worth $101,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KFS. BNP Paribas Financial Markets increased its holdings in Kingsway Financial Services by 36.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock valued at $54,000 after buying an additional 1,742 shares during the period. Barclays PLC boosted its stake in shares of Kingsway Financial Services by 325.5% in the 3rd quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock valued at $150,000 after purchasing an additional 13,975 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Kingsway Financial Services by 368.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock valued at $236,000 after purchasing an additional 22,438 shares in the last quarter. State Street Corp boosted its stake in shares of Kingsway Financial Services by 4.8% in the 3rd quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock valued at $1,254,000 after purchasing an additional 6,877 shares in the last quarter. Finally, Bard Associates Inc. boosted its stake in shares of Kingsway Financial Services by 0.6% in the 3rd quarter. Bard Associates Inc. now owns 288,113 shares of the insurance provider’s stock valued at $2,386,000 after purchasing an additional 1,848 shares in the last quarter. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Price Performance

KFS opened at $7.34 on Tuesday. The company’s 50 day moving average is $7.96 and its 200-day moving average is $8.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. Kingsway Financial Services Inc. has a 1-year low of $7.21 and a 1-year high of $9.58.

Insider Buying and Selling

In related news, Director Joseph Stilwell sold 365,000 shares of Kingsway Financial Services stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $8.43, for a total transaction of $3,076,950.00. Following the sale, the director now directly owns 593,743 shares in the company, valued at $5,005,253.49. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 898 shares of company stock worth $7,513 in the last ninety days. Company insiders own 54.75% of the company’s stock.

Kingsway Financial Services Profile

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.